Benzinga’s Top Downgrades (PT, BBY, CNI, MYGN)

Portugal Telecom SGPS (NYSE: PT) was downgraded by Bernstein from “market perform” to “underperform.” PT’s shares closed at $10.92 yesterday. Portugal Telecom’s quarterly earnings dropped 38.23% y/y.

Jefferies downgraded Best Buy Co Inc (NYSE: BBY) from “buy” to “hold.” BBY’s shares closed at $34.40 yesterday. Best Buy’s 52-week trading range is $30.80-$48.63.

JP Morgan downgraded Canadian National Railway (NYSE: CNI) from “overweight” to “neutral.” CNI’s stock closed at $58.42 yesterday. Canadian National Railway’s earnings may fall 0.82% this year.

Myriad Genetics Inc (NASDAQ: MYGN) was downgraded by JP Morgan from “overweight” to “neutral.” MYGN’s shares closed at $15.70 yesterday. Myriad Genetics’ quarterly earnings were down 13.18% y/y.

More Analyst Ratings here